The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Still hugely undervalued at anything under 10p.
This sector was hit massively by covid.
During this time LVCG not only survived but also increased and diversified their portfolio which is quite impressive
2022 will be a huge year for the company.
This really should be trading closer to the 50p mark not 5p
I agree the numbers are difficult to understand at times but the capacity is based on percentage utilization of the sets, not the revenue. A small BID set might get rented for ~£10 per month, the larger (Brickosaurs etc) for £50k per month. The big ones were hit hard but now returning.
Also, on Formula E, LCSE are paid a significant management fee every month, even with the event being postponed. Add the Ocean Race, Cycle Tour and probably KPop concert and I believe your numbers are super conservative.
With a more than realistic P/E of 20x in this sector (average is 24x) this could easily be a £100m+ MCAP company.
An average of 6.5p is highly enviable. Mine is ~26p now but I have every confident that I will make significant profit in 2022. You could make a mint!
Finally, there is not a cat in Hell's chance of DC selling out for 10p. When I last spoke to him (at the StartArt opening) he believed that even with current revenue they know was booked, that the MCAP should be £50m. He wont sell for anything like 35p!
What's good about today is if you get a small seller usually in LVCG it ruins it, shares just go down and liquidity dries up .. if you watched the Level 2 a few moments ago SCAP aggressively called the offer down, instantly got lifted in 4 x >100k trades and now they are 3.7 bid .. small seller cleared instantly .. there is volume and interest today and it's great to see
retired and Banker
no chance to buy 5% of the company on the open market for 8p and
Not a chance, let alone 100%.
try buying 1% and see what quote you get from the Market makers.
was Quoted 5p for only £50,0000
share is depressed by Market makers and should gap up hard when we have good news.
Because of the very low sp & market cap there is scope for us to make significant gains
... but so much also depends on DC's side deals buying stakes in other companies he owns like START.Art and EMPL
... hard to know if there is any value in these projects or just a mechanism to transfer money from shareholders to DC himself
Also trying to understand the revenue potential from Bricklive is tricky !
The update on 11/11 contained the following two sentences
BRICKLIVE secures £1.7m contracted revenue for 2021 with two months to go and £0.9m already contracted for 2022;
Asset Utilisation reached 53% of capacity for 2021, from a pandemic low of 35% in 2020, with over 44% capacity already booked (or contracts under negotiation) for 2022.
So if £1.7m of revenue represents 53% of capacity in 2021 and £0.9m represents 44% for 2022 then it is hard to fathom how we ever managed to make £5.45m revenue in 2019.
Since £1.7m represents 10mths revenue and we know H1 was only £622k then I'm going to guess we can make around £1m per quarter at near full capacity. We know that the Cape Town e-prix revenue won't be coming until 2023 and the other fluff could produce something or nothing at all ... so are we looking at a business with £5m revenue potential and maybe 20% net margin if run incredibly efficiently ?!? For a £5m mc company £1m profit would be a good return but this is hardly the stuff to get the sp back to pre COVID level. I've been invested for a number of years and got my average down below 6.5p by buying heavily early this year ... saw myself in profit briefly in April but like so many other stocks in my portfolio its been a long grind backward since the end of May. Think if an offer came in at around 8-10p I'd take the money and run !
Few large sellers put the brakes on, and it looks like a few buyers from this morning have sold at a loss.
73204 sell at 3.7701p, time 12:43:33
73204 buy at 4.09p, time 10:47:06 ( in red but looks like a buy)
Sadly looking at the latest trades we have a holder who is using this slight rise as an opportunity to dump their shares.
I can't believe it's a profitable trade, given we're at long term historic lows.
Not everybody has a positive view on the future, which is frustrating.
this needs to do 500% rise just to get back pre Covid
business improved significantly during this time.
undervalued and under the radar company.